26    Royal Tasmanian Botanical Gardens

Authority Outline

The Royal Tasmanian Botanical Gardens is a Statutory Authority, established by the Royal Tasmanian Botanical Gardens Act 2002 and managed by the RTBG Board. The seven member Board is appointed by and reports to the Minister for Parks, and is responsible for managing, conserving and enhancing the Gardens in accordance with the Act.

The responsible Minister is the Minister for Parks, Hon Jacquie Petrusma MP, and the supporting agency is the Department of Natural Resources and Environment Tasmania.

The vision of the RTBG is to create and maintain an exceptional garden that enriches Tasmania’s social and cultural life, educates the community about the importance of plants, and contributes to the conservation of the flora of Tasmania and the world.

The RTBG is Australia’s second oldest botanical gardens and was established in 1818. The Gardens is home to the largest collection of mature conifers in the Southern Hemisphere and has the only subantarctic plant house in the world.

The mission of the RTBG is to sustainably manage the Gardens, conserve and develop its living collections and heritage, and create and deliver an exemplary and enlightening visitor experience and thriving organisational culture.

This chapter provides the RTBG’s financial information for 2022‑23 and over the Forward Estimates (2023‑24 to 2025‑26). Further information on the RTBG is provided at www.rtbg.tas.gov.au.


 

Key Deliverables

Table 26.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables of the Authority.

Table 26.1:       Key Deliverables Statement

 

2022‑23

 

Budget

2023‑24

Forward

Estimate

2024‑25

Forward

Estimate

2025‑26

Forward

Estimate

 

$'000

$'000

$'000

$'000

 

 

 

 

 

Additional Operational Support

200

200

200

200

Review of the Strategic Master Plan

250

....

....

....

 

 

 

 

 

Additional Operational Support

Additional funding is provided on a permanent basis from 2022‑23 to increase the Government’s contribution towards the operation of the RTBG to support the management, conservation and enhancement of the Gardens.

Review of the Strategic Master Plan

Additional funding is provided in 2022‑23 for the review of the Strategic Master Plan for the Gardens. The review will require project management and consultancy services. The Department of Natural Resources and Environment Tasmania will also provide in‑kind services to support the review.


 

Detailed Budget Statements

Table 26.2:       Statement of Comprehensive Income

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

3 188 

3 605 

3 447 

3 516 

3 598 

Sales of goods and services

1 010 

967 

1 009 

1 028 

1 048 

Interest

20 

20 

20 

15 

10 

Other revenue

115 

226 

237 

249 

261 

Total revenue

4 333 

4 818 

4 713 

4 808 

4 917 

Total income

4 333 

4 818 

4 713 

4 808 

4 917 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits2

2 883 

3 159 

3 163 

3 227 

3 293 

Depreciation and amortisation

530 

490 

490 

562 

640 

Supplies and consumables3

1 450 

1 873 

1 774 

1 823 

1 870 

Total expenses

4 863 

5 522 

5 427 

5 612 

5 803 

 

 

 

 

 

 

Net result

(530)

(704)

(714)

(804)

(886)

 

 

 

 

 

 

Comprehensive result

(530)

(704)

(714)

(804)

(886)

 

 

 

 

 

 

Notes:

1.    The variation in Grants in 2022‑23 and over the Forward Estimates reflects funding for the Review of the Strategic Master Plan and Additional Operational Support.

2.    The increase in Employee benefits reflects the filling of positions that were previously vacant and resourcing to undertake the Review of the Strategic Master Plan.

3.    The increase in Supplies and consumables primarily reflects the expenditure of donation funds on RTBG Board approved projects.


Table 26.3:       Statement of Financial Position as at 30 June

 

2022 

2023 

2024 

2025 

2026 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

7 506 

6 992 

3 386 

144 

(102)

Receivables

57 

76 

76 

76 

76 

 

7 563 

7 068 

3 462 

220 

(26)

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Inventories

90 

90 

90 

90 

90 

Property, plant and equipment1

11 703 

12 358 

15 480 

18 163 

17 769 

Infrastructure

3 952 

3 900 

3 686 

3 456 

3 226 

Other assets

35 

106 

106 

106 

106 

 

15 780 

16 454 

19 362 

21 815 

21 191 

 

 

 

 

 

 

Total assets

23 343 

23 522 

22 824 

22 035 

21 165 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

40 

105 

105 

105 

105 

Employee benefits

810 

758 

774 

789 

805 

Other liabilities

81 

175 

175 

175 

175 

Total liabilities

931 

1 038 

1 054 

1 069 

1 085 

 

 

 

 

 

 

Net assets (liabilities)

22 412 

22 484 

21 770 

20 966 

20 080 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

16 706 

17 494 

17 494 

17 494 

17 494 

Accumulated funds

5 706 

4 990 

4 276 

3 472 

2 586 

Total equity

22 412 

22 484 

21 770 

20 966 

20 080 

 

 

 

 

 

 

Note:

1.    The variation in Cash and deposits, and Property, plant and equipment from 2023 primarily reflects the timing of the construction of the new Visitor Centre.


Table 26.4:       Statement of Cash Flows

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

3 188 

3 605 

3 447 

3 516 

3 598 

Sales of goods and services

1 010 

967 

1 009 

1 028 

1 048 

GST receipts

166 

186 

469 

438 

170 

Interest received

20 

20 

20 

15 

10 

Other cash receipts

115 

226 

237 

249 

261 

Total cash inflows

4 499 

5 004 

5 182 

5 246 

5 087 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(2 555)

(2 800)

(2 788)

(2 844)

(2 903)

Superannuation

(328)

(359)

(375)

(383)

(390)

GST payments

(166)

(186)

(469)

(438)

(170)

Supplies and consumables

(1 450)

(1 873)

(1 774)

(1 823)

(1 870)

Total cash outflows

(4 499)

(5 218)

(5 406)

(5 488)

(5 333)

 

 

 

 

 

 

Net cash from (used by) operating activities

.... 

(214)

(224)

(242)

(246)

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(378)

(300)

(3 382)

(3 000)

.... 

Net cash from (used by) investing activities

(378)

(300)

(3 382)

(3 000)

.... 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(378)

(514)

(3 606)

(3 242)

(246)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

7 884 

7 506 

6 992 

3 386 

144 

Cash and deposits at the end of the reporting period

7 506 

6 992 

3 386 

144 

(102)